Filing Flows › Marriott Vacations Worldwide (VAC) › Q2 2026
Marriott Vacations Worldwide (VAC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Marriott Vacations Worldwide (VAC) reported revenue of $1.3B for the second quarter 2026 (Q2 2026), +6% from a year earlier and +5% from the quarter before. Operating margin was 12.2%, net earnings $77.0M (5.8% of revenue).
Marriott Vacations Worldwide, Q2 2026: revenue $1.3B (+6% year over year), operating margin 12.2%, net earnings $77.0M, operating cash flow $80.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +5% | +6% |
| Operating profit | $161M | +83% | +44% |
| Net earnings | $77.0M | +250% | +12% |
| Operating cash flow | $80.0M | — | — |
| Free cash flow | $66.0M | — | — |
What changed
Revenue was $1.3B in Q2 2026, up 6% year over year and up 5% from the previous quarter. Sale of vacation ownership products was the largest line at 33% of revenue. Sale of vacation ownership products added $0.06B year over year (up 16%), 81% of the total change. Cost reimbursements declined 2%.
Operating profit was $0.16B, a 12.2% margin (up 3.2 points year over year). Of the extra revenue versus Q2 2025, 66% reached operating profit, above the 9% margin then. Total costs grew 2% against revenue growth of 6%. The fastest-growing cost line was Sales & marketing (+19%). Net earnings were $0.08B, up 12% year over year. The effective tax rate was 32.5%.
Operating cash flow was $0.08B, 104% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.01B left free cash flow of $0.07B.
Questions
What was Marriott Vacations Worldwide's revenue in the second quarter 2026?
Marriott Vacations Worldwide (VAC) reported revenue of $1.3B for the second quarter 2026 (Q2 2026), +6% from a year earlier and +5% from the quarter before.
Was Marriott Vacations Worldwide profitable in the second quarter 2026?
Operating profit was $161M (12.2% of revenue) and net earnings $77.0M.